The House on Regulation: Regulatory Reform Passes

Last night, the House of Representatives passed the “Searching for and Cutting Regulations that are Unnecessarily Burdensome” (SCRUB) Act. SCRUB would establish an independent commission to conduct a review of the Code of Federal Regulations and examine rules that are redundant, impose net costs, unnecessarily burden small businesses, or contribute to wage stagnation.

The Daily Dish

Sometimes there is nothing better than the original: "OMB's approval of the U.S. Business Income Tax Return and associated forms is extended until December 31, 2016. This approval reflects the updated accounting that IRS provided to explain the net adjustments, program changes due to new statute, and program changes due to agency discretion. IRS shall submit its next request for an extension of OMB approval before the expiration date, and continue to do so on an annual basis.”

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